The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-10-27
CONDITION OF THE MARKETS
Fair Business in Wheat, with a Firm
Tone and an Upward Range of Prices.
Increased Activity in Corn, Accompanied By
q Stronger Feeling-0ats Steady on Mod
crate Business-Provisi0ns Quiet.
MONEY. BONDS AND STOCKS.

An Active and Strong Market, Accompanied
by Better Prices for the Entire List.
NEW YORK, Oct 26.-Money on call was
easy at 3 to 4 per cent, closing offered at
per cent
Prime mercantile paper. cas- per cent
Sterling exchange dull but firm at 81 s1s
Tor sixty-days. and "a. s53 for demand.
The total sales Of stocks to-day were 333. AL
shares. including the following: Delaware.
Lackawanna& Western, l1,678; Erie. IL. no;
Lake Shore, $3.50; Louisville & Nashville, $3.50;
Missouri Pacific. 1870; Northwestern, 1880;
New Jersey Central. 1850; Northern Pacific.
preferred, 6.20O; Oregon 6 Transcontinental.
b.410; Reading, 49, 200; St. Paul, $4,000; Union
Pacific. l,675; Western Union, 1879
The stock market to-day was moderately ae-
tive aud strong until the last hour. the net re-
suit OF the days business being another frac-
tional advance over the entire list The feeling
was generally bulish, and met with little re-
Instance, except from the trading element. and
while the foreigners were doing little, conmis-
sion people were moderate buyers throughout
The "shorts" afterwards showed disposition
20 cover, and q prominent bear" operator was
said to be a heavy purchaser. The speculation
was very active in the leading shares. and the
transactions In Reading and St Paul were very
large. A report that the gain In the earnings
of the latter for September would reach 81 ,OUO,-
600 was factor in the improvement, and the
earnings actually reported were all favorable.
which did something to increase the good
feeling The MARKET had every appearance OF
n genuine bull" market. which IL has. up to
this time, lacked. The gain was very slow. but
STEADY, with no back Of Importance until
the last hour when the temptation TO take profits
was too heavy for the traders. and part OF the
improvement was lost The opening was firm
to strong this morning, and with quiet BUSH
ness, prices rose slowly, with the crangers most
conspicuous the trading. After noon there
was a more decided upward movement, in which
Union Pacific became the leader and the best
prices of the day were reached between and
o'clock aftor which the list receded q fraction.
The decline was checked by 2:30 however, and
she close was quiet and firm at fractional ad-
vances from the opening figures. Again every
thing is higher, and Oregon Navigation and
Chicago, Burlington g. Quincy are up 2t Man
haitian and Lake Erie &c Western preferred, Il;
New York Central and Manitoba !; Omaha and
Colorado Coal. II; San Francisco preferred,
per cent
Railroad bonds were little more active; the
sales aggregated 1854. 000 Prices were gener-
ally firm throughout. and closing figures are
almost invariably higher. New Orleans Pacific
trust receipts rose 2, to 74t; Manitoba, Dakota
SKIES. 81 to ll63; Mobile & Ohio first debentures
e. to As, and Reading income receipts, 2, to 49,
Government bonds were dull but firm.
State bonds were dull aud steady. Closing